tanzanie
Financing granted
Loan of € 2M *
(equivalent in local currency)
Foundation partner
since August 2023
*Outstanding amount at grant value
Partner website
Context:
In 2023, Tanzania is in a phase of sustained economic growth, with reforms aimed at stimulating investment and development. Agriculture plays a key role in the Tanzanian economy, contributing 30% to GDP and employing around 75% of the country’s total workforce. Its strategic geographical position in East Africa makes it an important commercial crossroads.
The institution :
VisionFund Tanzania is a Tier 2 microfinance institution created in 1996 by WorldVision, which provides loans through group and individual methodologies. VisionFund Tanzania works with caregivers in hard-to-reach and impoverished areas so that they can create a secure future for their children.
Impact:
VisionFund uses microfinance to help improve children’s lives by providing low-income entrepreneurs with sustainable, integrated financial services that unlock their potential.